This Is Madness But . . . . . .
This Is Madness But . . . . . .
Author
Discussion

bad company

Original Poster:

21,266 posts

288 months

Monday 4th November 2019
quotequote all
I’m planning to replace my BMW next March\April. The way the world is going I’m thinking that might be my last chance to buy a proper high performance petrol car. That brought me to thinking about a new 911s. On the configurator I got to around £107K so not exactly cheap. I have the cash to buy the car but will probably go for PCP deal with a big deposit so that I can return the car at the end of the agreement without the risk of huge depreciation for petrol cars.

It looks like the insurance will come in at around £1100.

Any thoughts on other costs such as servicing & tyres etc? I’ll be doing about 10,000 miles a year for probably 3 years.

DMC2

1,990 posts

233 months

Monday 4th November 2019
quotequote all
Don't forget the 10% surcharge in the case of a no deal Brexit....

churchie2856

487 posts

212 months

Monday 4th November 2019
quotequote all
DMC2 said:
Don't forget the 10% surcharge in the case of a no deal Brexit....
That’s no longer a thing. Well it wasn’t when I ordered my 718 at the end of August.

DMC2

1,990 posts

233 months

Monday 4th November 2019
quotequote all
churchie2856 said:
That’s no longer a thing. Well it wasn’t when I ordered my 718 at the end of August.
It is most definitely still a thing. I tried to order a 992 last week and was told it was still in place, and there is no way I would sign up to that given what is currently going on with the muppets in charge.

WizzBang

297 posts

128 months

Monday 4th November 2019
quotequote all
bad company said:
Any thoughts on other costs such as servicing & tyres etc? I’ll be doing about 10,000 miles a year for probably 3 years.
This for my 991 but unlikely 992 would be much different (includes VAT, services include brake fluid change, all work done at OPC - you may be able to scrimp if you've access to a local specialist):

20,000 mile service: £779
40,000 mile service: £1,335
2 x rear tyres, 305/30x20 PZero N1, after Pirelli rebate: £602
2 year warranty extension (from 3 years to 5 years): £1,840

If you're only keeping it for 30,000 miles / 3 years, then you'll probably get away with just the £779 service and £602 for 2 rear tyres.




EGTE

997 posts

204 months

Monday 4th November 2019
quotequote all
There's a LOT of fantastic almost-new cars for that money!

If you're going to go out with a bang car-wise, why not a Ferrari FF or something else much madder/wild than a new 911? Or even a bonkers version?

bad company

Original Poster:

21,266 posts

288 months

Monday 4th November 2019
quotequote all
EGTE said:
There's a LOT of fantastic almost-new cars for that money!

If you're going to go out with a bang car-wise, why not a Ferrari FF or something else much madder/wild than a new 911? Or even a bonkers version?
I take your point but it’s going to be my every day driver. There’s some essentials for me such as heated seats & steering wheel, non black interior and other stuff.

I’ll want what I want.

kbf1981

2,335 posts

222 months

Monday 4th November 2019
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Everything after depreciation is buttons. Depreciation on a 992 will be good compared to similar new cars.

IMI A

9,924 posts

223 months

Monday 4th November 2019
quotequote all
Buying a 992 is eminently sensible. If you want madness buy a new Mac 720s Spyder.

bad company

Original Poster:

21,266 posts

288 months

Tuesday 5th November 2019
quotequote all
DMC2 said:
churchie2856 said:
That’s no longer a thing. Well it wasn’t when I ordered my 718 at the end of August.
It is most definitely still a thing. I tried to order a 992 last week and was told it was still in place, and there is no way I would sign up to that given what is currently going on with the muppets in charge.
I’ll speak with the Porsche centre when I’m home next week. That sounds like a deal breaker for me though.

Cheib

24,950 posts

197 months

Tuesday 5th November 2019
quotequote all
bad company said:
I’m planning to replace my BMW next March\April. The way the world is going I’m thinking that might be my last chance to buy a proper high performance petrol car. That brought me to thinking about a new 911s. On the configurator I got to around £107K so not exactly cheap. I have the cash to buy the car but will probably go for PCP deal with a big deposit so that I can return the car at the end of the agreement without the risk of huge depreciation for petrol cars.

It looks like the insurance will come in at around £1100.

Any thoughts on other costs such as servicing & tyres etc? I’ll be doing about 10,000 miles a year for probably 3 years.
I have been in the same position as you regarding funding cars and tried the “ Let’s see how attractive PCP looks with a big deposit” strategy....doesn’t work. The Business Manager at the OPC did explain it to me but the way they work it you are not really rewarded for putting a load of money upfront and getting a decent GFV. That’s not the way the model works ! Designed for people with relatively low deposits to the value of the car to keep their monthly payments down etc

bad company

Original Poster:

21,266 posts

288 months

Tuesday 5th November 2019
quotequote all
anonymous said:
[redacted]
It’s a defensive move as I can and possibly will hand the car in at the end of the agreement. Hopefully they’ll be some equity but who knows what the value of high performance petrol cars will be 3 years from now.

bad company

Original Poster:

21,266 posts

288 months

Tuesday 5th November 2019
quotequote all
Cheib said:
bad company said:
I’m planning to replace my BMW next March\April. The way the world is going I’m thinking that might be my last chance to buy a proper high performance petrol car. That brought me to thinking about a new 911s. On the configurator I got to around £107K so not exactly cheap. I have the cash to buy the car but will probably go for PCP deal with a big deposit so that I can return the car at the end of the agreement without the risk of huge depreciation for petrol cars.

It looks like the insurance will come in at around £1100.

Any thoughts on other costs such as servicing & tyres etc? I’ll be doing about 10,000 miles a year for probably 3 years.
I have been in the same position as you regarding funding cars and tried the “ Let’s see how attractive PCP looks with a big deposit” strategy....doesn’t work. The Business Manager at the OPC did explain it to me but the way they work it you are not really rewarded for putting a load of money upfront and getting a decent GFV. That’s not the way the model works ! Designed for people with relatively low deposits to the value of the car to keep their monthly payments down etc
I’m out of the country at the moment but I got the following assuming 12,000 miles a year:-

on a PCP we would be able to get a balloon circa £49,300 that would make payments around the £365 mark with a £55k deposit.

Apparently they based on 7% APR which is too high. I’ll take another look when I get home next week.


Adam B

29,420 posts

276 months

Tuesday 5th November 2019
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anonymous said:
[redacted]
Eh? Depreciation is what determines how much you pay each month (plus an interest rate), that is what the cost of PCP is essentially made up of. People just don’t recognise it as such

Adam B

29,420 posts

276 months

Tuesday 5th November 2019
quotequote all
anonymous said:
[redacted]
Correct

PCP is usually the most expensive way to buy a car but it suits some people

C4ME

1,593 posts

233 months

Tuesday 5th November 2019
quotequote all
anonymous said:
[redacted]
Most of it is depreciation which you cannot escape.

The 3 year cost for buying at £107K and selling at £49K are ...
Pay the whole amount with cash up front and the total cost will be £58K.
Use the method above of a £55K deposit and the total cost will be £68K.
Pay nothing up front and do it all on finance and the total cost will be £75K.

The above uses 7% APR for options 2 and 3.

Edited by C4ME on Tuesday 5th November 15:27

Terminator X

19,309 posts

226 months

Tuesday 5th November 2019
quotequote all
Adam B said:
anonymous said:
[redacted]
Correct

PCP is usually the most expensive way to buy a car but it suits some people
So "better" to pay £107k for it outright then eh? Why do we get all this PCP / lease / hire / rented wkfest every time it is mentioned ...

TX.

Caddyshack

13,602 posts

228 months

Tuesday 5th November 2019
quotequote all
anonymous said:
[redacted]
The majority of pcp customers will have the income and cash flow for a big monthly payment but not the outright capital, the "invest the difference" will be rare and in most cases typical internet bs.

bad company

Original Poster:

21,266 posts

288 months

Tuesday 5th November 2019
quotequote all
anonymous said:
[redacted]
That pretty much sums up where I’m at in terms of cash v pcp.

The other issue as discussed further up the thread is the possible Brexit surcharge. I think that’d be a deal breaker.

DMC2

1,990 posts

233 months

Tuesday 5th November 2019
quotequote all
bad company said:
That pretty much sums up where I’m at in terms of cash v pcp.

The other issue as discussed further up the thread is the possible Brexit surcharge. I think that’d be a deal breaker.
Yeah I’m refusing to place an order till that is all sorted. The thought of paying an extra £11k more than other people would really take the shine off the new car experience! Unfortunately I’m being quite specific about my spec so no used cars are even close.